Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1949
Sq.Footage
994
This home is part of a package of 21 homes priced at a total of $1,879,000 with an estimated 10.45% cap rate. 20 out of the 21 homes are rented and there are 2 section 8 leases and 18 market-rate leases. Average rents are $1,305/month. Most rents are 66-89% of FMR so there is rental income upside. Tenants pay their own sewer bills. The package includes six 2-bedroom homes, thirteen 3-bedroom homes, and two 4-bedroom homes. This package is also available without the 8117 Bluemont property which would put the total price at $1,729,000 with a cap rate of 10.85%. Seller is not offering any seller financing. Please include the following in the special agreements section: "Properties are being sold as is with seller to do no inspections or repairs. Buyer will have one-time access to the properties. Access will be scheduled once earnest money is deposited. This contract may not be assigned." Please see the documents section for the marketing pdf with details on the other properties.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
994.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Brick
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1937
-
Lot Size(square feet)
8,437
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Traditional
Price
-
Sales Price
$1,879,000
-
Tax Amount
$1,701
-
Financing Options
Cash, Conventional
-
Sq. Footage
994
-
Price/SqFt
$1,890
HOA
-
Association
No
School District
-
Elementary School
Washington Elem.
-
Middle School
Washington Middle School
-
High School
Normandy High
Property Features
-
New Construction
NO
-
Senior Community YN
NO
-
Water Source
Public
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Location
County
St. Louis
Elementary School
Washington Elem.
Middle School
Washington Middle School
High School
Normandy High
Listing Courtesy of Malinda Terreri, Terreri Team Realty LLC
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AGENT
Erin Svoboda
Call Erin today to schedule a private showing.
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